MercadoLibre’s investments accumulated 3.229 billion dollars in the last decade, from 2015 to 2024.
During the period, the company broke record in this indicator in 2024, with 860 million dollars.
With 18,282 employees at the end of last December, MercadoLibre is the largest e-commerce platform in Latin America.
MercadoLibre’s investments
The company provides its users with an ecosystem of six integrated e-commerce services. These include its marketplace, payment and fintech solutions, shipping and logistics, advertising, classified ads and web services for merchants.
The company currently operates in 18 countries that account for most of Latin America’s GDP. In addition, in 2022 it had 148 million active users, equivalent to about 30% of the estimated 480 million Internet users in the region.
These are MercadoLibre’s investments, in millions of dollars:
- 2015: 109.
- 2016: 85.
- 2017: 84.
- 2018: 102.
- 2019: 141.
- 2020: 254.
- 2021: 630.
- 2022: 455.
- 2023: 509.
- 2024: 860.
Technology
The company’s capital expenditures over the past two years include investments in property and equipment (such as certain assets used in its distribution centers) and intangible assets (excluding digital assets).
During the year ended December 31, 2024, MercadoLibre invested $316 million in technology and information assets in Brazil, Argentina and Mexico, and $484 million in its shipping facilities and offices in Argentina, Brazil and Mexico.
The company continually increases its level of investment in hardware and software licenses needed to improve and upgrade its platform technology and internally developed computer software.
MercadoLibre anticipates continued investments in capital expenditures related to information technology and logistics network capacity in the future as it strives to maintain its position in the Latin American e-commerce and financial technology market.
MercadoLibre is the leading e-commerce and financial technology ecosystem in Latin America. Its e-commerce platform leads the region in terms of gross merchandise volume, and its fintech platform is the leader in monthly active users among fintech companies in Argentina, Chile and Mexico, and the second largest in Brazil.